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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian savings invested in the world’s climate crisis

Posted on 28 June 2013

The world’s largest sovereign wealth fund - the Norwegian Government Pension Fund Global (GPFG) - is invested in 147 of the world’s 200 companies holding the largest reserves in coal, oil and gas. The fund’s share of those reserves is equivalent to 108 times Norway’s annual greenhouse gas emissions, according to a new analysis from WWF.
The fund is currently invested in more fossil fuels than can ever be burned if we are to avoid catastrophic climate change. The London-based think tank, the Carbon Tracker Initiative, recently released a report listing the 200 companies in the world with the largest fossil fuel reserves. WWF has analyzed Norway’s investments in this list of companies through the GPFG………………………………………..Full Article: Source


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